RBI emphasises on expansion of banking network in unbanked areas

Wednesday, April 12, 2017, 11:15 AM

To promote financial inclusion and to extend the banking network in unbanked areas, general permission has been granted by RBI to domestic Scheduled Commercial Banks including Public Sector Banks to open branches at any place in the country, without seeking prior approval from RBI in each case, subject to at least 25% of the total number of branches opened during a financial year.